A bipartisan group of senators is close to reaching a consensus on the text of the stablecoin GENIUS Act after days of intense renegotiation, which could allow the bill's advancement process to continue. However, the text has not yet been finalized. Senate leadership is discussing a procedural path to resume consideration of the GENIUS Act, including amendment procedures and reconsideration motions. The goal (which is subject to change) is to hold a final vote before the May 26 recess and before the reconciliation process begins, although the timeline may be delayed depending on whether a procedural agreement can be reached with Democrats.

Bo Hines, executive director of the U.S. Presidential Digital Asset Advisory Committee, said at the Consensus 2025 conference in Toronto that despite the uncertainty in the legislative process, Trump is still expected to sign the stablecoin and market structure bill before the August congressional recess. Hines said that the current negotiations are progressing well, but admitted that the details of the legislation are still being adjusted.

Brian Armstrong, CEO of Coinbase Global Inc., said on Bloomberg TV on Wednesday that the company continues to watch for M&A opportunities after reaching an agreement to acquire derivatives exchange Deribit for $2.9 billion earlier this month. He pointed out that the company has a strong balance sheet and as a public company has liquidity available for mergers and acquisitions, but will choose carefully and seek the right time to make a move. Armstrong specifically mentioned that the company is particularly focused on the international market, targeting companies that have a similar philosophy and can drive Coinbase's product development and growth. When asked whether Coinbase would consider acquiring stablecoin issuer Circle (Coinbase has previously reached a revenue sharing agreement with Circle), he responded that "there is no relevant news to announce today."

When Dan Finlay, co-founder of Ethereum wallet MetaMask, was asked in an interview on the "Crypto Beat" podcast whether he would create a native MetaMask token, he responded: "Maybe, if a token is issued, it will be promoted directly in the wallet, and users can find the link directly in the wallet." Although MetaMask currently has no specific token issuance plans, Finlay believes that under the relatively loose regulation of the Trump administration, token issuance is safer. He hopes to use this opportunity to break boundaries and set a precedent. Finlay pointed out that securities laws are still securities laws, and many projects may still operate in a "gray area." He also worried that potential MASK tokens would be used by scammers, saying that relevant information would only be published in the wallet and on the official website.

The woman who was kidnapped in Paris yesterday was the daughter of the co-founder and CEO of Paymium, a French crypto trading platform. French Interior Minister Bruno Retailleau announced that he would convene a meeting of the country's cryptocurrency industry on Friday to deal with the recent frequent kidnapping cases related to crypto companies.

The transaction was implemented by Ondo Finance, which provided a tokenized treasury bond product, and was made possible by oracle services provided by Chainlink.

The company's revenue for the quarter was $67 million, up 33% year-on-year; the gross profit margin of Bitcoin mining fell to 43%, lower than 63% in the same period last year. As of May 13, the company's current assets were approximately $150 million, and the total number of Bitcoins held was 1,166.

Showing PoR ≠ Really Safe!

EOS related trading pairs will be removed from the shelves at 11:00 on May 26, 2025 (Beijing time), and new trading pairs of A tokens will be launched at 16:00 on May 28, including A/BTC, A/ETH, etc. EOS deposits and withdrawals will be suspended at 11:30 on May 26, and A token deposits will be open at 15:00 on May 28. After the replacement is completed, EOS withdrawals will no longer be supported, and the platform will automatically complete the technical processing.